Business Payments Made Easy

Posted by on September 5th, 2008 at 02:43pm

orgkafka wrote an interesting post today on
Here’s a quick excerpt
We often find shopping malls, restaurants, multiplexes, etc. where we have to pay for what we get there. Earlier we only used cash to pay the bills in the restaurants and shopping malls, but now a days we also use our credit and debit cards to make the payments. But still these haven’t solved the problem of standing in a queue during rush hours.
While paying through any card, people often find something called Merchant Account, which is sometimes so complicated that customers often don’t know how much exactly they have to pay for their product. Some Merchant Account don’t charge any extra money, while some do charge for the service they provide.
There is also a concept called ACH Merchant Banking, which can be adopted by any business firms so that they can directly debit their customer checking account. On an average, this process can charge $1.20 to a business which […]

Read the rest of this great post here

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